RE: RE: RE: Further Analyst Comment3 Dec 2024 20:52
@ bhargav.
As much as i hate to respond to someone who is as abusive as you, the need compels me to. And i do apologise to everyone on here, who i have advised to not reply to, this extremely narcissistic person.
Bhargav. You must be fully aware that the placing shares have already been sold. So, no more VIP selling and no need to inform the market. This is how placings work. The placees get discounted shares at a given price and date, and can forward sell these shares.
The warrants. They are not free, they have to be paid for. When they are exercised the market has to be informed, in short order. I think it is within 2 days.
When a warrants RNS is issued to the market, the price generally falls, as these will be in the money, and investors, like yourself, can see selling or, forward selling.
How many warrants are attached to the placings? Was it 1 for 2? So about 24 million shares coming to the market, when exercised?
So stop your panic preaching about the VIP sellers. They've already sold.